US-based artist social network Talenthouse has raised $10m in a series B round led by Starwatch, the music and live entertainment division of German media and entertainment company ProSiebenSat.1, according to Dow Jones.
The round also featured participation by First Artist Bank, an entertainment-focused investment bank founded by English music producer David Stewart, as well as returning angel investor Jean Pigozzi, and actor Gerald Butler.
Talenthouse’s previous backers included Google Chairman Erich Schmidt’s VC firm, Innovation Endeavours, Indian media company Reliance Entertainment, the Cisco backed Cisco Growth Fund, cosmetic firm Estee Lauder’s Chairman William Lauder, and film director Brett Ratner. Talenthouse has now raised $29.3m to date.
Launched in 2009, Talenthouse provides networking services for artists and musicians, and offers content creators a platform for promotion, exposure and the obtainment of corporate sponsorship.
Talenthouse plans to use funds from this latest round to expand its engineering team, incorporate additional sales talent and build market presence in Europe.